Amazon shelves plans for its live TV service

Amazon has canned its rumoured bundle of live TV channels. The launch has reportedly been on hold since the spring, but now comes news on why Amazon has decided against launching it.

Basically it comes down to money. Sources say the firm was concerned it wouldn't be able to make enough money offering its planned mix of broadcast and cable channels.

It would have competed with Sling and Hulu's live TV offerings. While it had 140 TV and digital networks on board, Amazon was struggling to sign some of the biggest TV channels.

American cable works by offering customers bundles of channels, which invariably means they end up paying for some they don't want. Previously Apple tried to break with this practice, but ended up mired in negotiations and eventually gave up trying. Now it seems Amazon's effort has met with the same fate.

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